Cubist Systematic Strategies LLC Sells 155,996 Shares of Triumph Group, Inc. (NYSE:TGI)

Cubist Systematic Strategies LLC lowered its stake in Triumph Group, Inc. (NYSE:TGI - Free Report) by 87.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,627 shares of the aerospace company's stock after selling 155,996 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Triumph Group were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Headlands Technologies LLC acquired a new stake in shares of Triumph Group in the first quarter worth $35,000. Quest Partners LLC acquired a new stake in Triumph Group during the 2nd quarter worth about $41,000. Lazard Asset Management LLC grew its stake in Triumph Group by 98.3% during the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company's stock valued at $58,000 after acquiring an additional 1,922 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Triumph Group in the 1st quarter valued at about $56,000. Finally, CWM LLC lifted its position in shares of Triumph Group by 473.7% in the second quarter. CWM LLC now owns 5,146 shares of the aerospace company's stock worth $79,000 after purchasing an additional 4,249 shares in the last quarter. Institutional investors and hedge funds own 94.53% of the company's stock.

Triumph Group Price Performance

NYSE:TGI traded down $0.21 during midday trading on Monday, reaching $14.79. The stock had a trading volume of 1,959,279 shares, compared to its average volume of 883,435. The stock has a market capitalization of $1.14 billion, a P/E ratio of 2.23 and a beta of 2.49. Triumph Group, Inc. has a 1-year low of $7.19 and a 1-year high of $17.87. The firm's fifty day simple moving average is $13.33 and its 200-day simple moving average is $14.29.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Triumph Group had a net margin of 40.39% and a negative return on equity of 1.77%. The business had revenue of $281.00 million during the quarter, compared to analyst estimates of $274.64 million. During the same period in the prior year, the business posted ($0.10) earnings per share. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Triumph Group, Inc. will post 0.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TGI has been the topic of a number of research analyst reports. Bank of America downgraded shares of Triumph Group from a "buy" rating to an "underperform" rating and lowered their price objective for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. JPMorgan Chase & Co. lowered Triumph Group from a "neutral" rating to an "underweight" rating and cut their price objective for the stock from $15.00 to $12.00 in a report on Monday. Jefferies Financial Group reaffirmed a "hold" rating and issued a $14.00 target price (down from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. Truist Financial lowered Triumph Group from a "buy" rating to a "hold" rating and reduced their price target for the company from $17.00 to $15.00 in a report on Wednesday, August 21st. Finally, The Goldman Sachs Group downgraded Triumph Group from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $19.00 to $15.00 in a report on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $15.11.

About Triumph Group

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aircraft, aircraft components, accessories, subassemblies, and systems worldwide. It operates in two segments, Triumph Systems & Support, and Triumph Interiors. The company offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, control system valve bodies, landing gear actuation systems, electronic engine controls, landing gear components and assemblies, cyber protected process controllers, main engine gearbox assemblies, geared transmissions and drive train components, main fuel pumps, fuel-metering units, primary and secondary flight control systems, and vibration absorbers.